The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Look who is talking, at least i have an interest in this stock, jupiter will list in March/april...
maestro you just keep churning out the same sound bites. It really does sound a bit desperate. "Just the Jupiter shares aus$12m and steelmin loan repayment which will have positive effect of �1.8m is more than mkt cap." Jupiter haven't relisted yet and it may be months before they do. Even then how likely is AB to actually sell that holding to realise the cash value?? Not at all imo. Steelmin haven't repaid their loan have they? If they do, shareholders here aren't going to see a penny of that �1.8m are they?! Can you tell us where the money from the last 2 Jupiter buy-backs has gone? What shareholder value did it deliver? GL with your punt
IMHO Jupiter shares will be worth over aus44c once they are listed. So getting even better, take a look at OM Holdings in ASX, they have debt we have none..
Colin Just the Jupiter shares aus$12m and steelmin loan repayment which will have positive effect of £1.8m is more than mkt cap. I'm happy.. Sorry u guys bought at higher mkt cap...
I have held this share for many years and I have lost count of the number of times I have heard rampers declare how valuable the Company's assets are, forget about the past, it will be different this time. One factor hasn't changed - the board of directors.
maestro twaddle: "Jupiter shares of 25m valued at + aus $12m" Value them however you like, problem is AB won't sell them imo because they represent the "crown jewels" here, plus he has a seat on the board of Jupiter. Cash is needed not MCAP value. "steelmin share of up-to 30% of a company with EV of potential Eur40m once in production in March" Problem there is there isn't any production at this point is there and I personally doubt there will be any in March. Either way, it's a fact that once production does begin, there is always a significant period of time whilst it stabilises and before any actual production figures are published. Thus if they did start production in March (I'm sceptical) then I personally think it would be a month or two later before we get any proper production figures. Note also that Steelmin not only owes RRR Eur 3.8m but also owes other funders a further Eur 3m so it has a lot of debt to pay off. You use the word "potential" which his fine, but it's forward looking. "para returning $750K in April" Yep, keep trotting that one out. It's very old news, in fact 2 year old news. It's one of the tranche payments from the original Colombia deal from Apr 2015 long since factored into the SP here. Kudos though for not bringing up the Colombia royalties which imo have been pitiful. "signing a large cobalt deal" Speculation on your part nothing more. No such deal has been signed and if they did go ahead with it they would need to find a whole load of cash and would dilute shareholders with �490,000 worth of shares at 0.65p I hope for shareholders sake that project is not taken up at this point in time. "Receiving loan back by steelmin, will be �1.8m in benefit" Hasn't happened though has it?! The Steelmin deal was done way back on 23rd June and Steelmin have simply failed to repay the loan to RRR. Meanwhile RRR has had to keep paying down its own colossal $4.4m loan with YA of which there is now $2.8m outstanding. To achieve that the company has issued 3 separate tranches of CLNs with attached warrants, they've also performed a separate placing of 15.6m shares at 0.8p. Thus far the Steelmin "deal" has been pretty awful for shareholders who were lead to believe that the back-to-back financing would balance itself out. If Steelmin ever do repay the debt, shareholders should imo demand cancellation of those CLNs and a buy-back of the shares. Would that happen though???! Once again, if you are so uber confident of value here then: 1) Where are your mega buys in the trade list? 2) Where are your TR1 holding RNSs? 3) Why are you posting daily here trying to get others to follow you into the share?
Cgul Gbp is undervalued, the CPR was as good as expected but it's still undervalued.. They need farm in partner to do 3d to increase cos of gemsbok.. Rrr is better share though..
You reckoned GBP was undervalued and 3 days later it tanked and you suggested it was some sort of aberration in the divine scheme. Has it recovered notwithstanding it was "grossly undervalued"? MrMagic has credibility and is respected. I repeat, I suspect a placing is coming. The ducks are lining up.
How can you not care about the past and then wax lyrical about the projects he buys into. The record speaks for itself better and longer than any of us will.
Mkt cap 5m, Jupiter shares of 25m valued at + aus $12m, steelmin share of up-to 30% of a company with EV of potential Eur40m once in production in March, para returning $750K in April, signing a large cobalt deal. Receiving loan back by steelmin, will be £1.8m in benefit. Then getting back our Kenyan gold license which we have 75% of now, this will significantly increase our value.. I'm happy you can cry all you want.. I don't really care what happened in past...
Lol You not related to magic are you? :-) Mkt cap 5m, very very cheap...
My post was in reply to your good Samaritan one. Nomads! Lol. Definitely wet behind the ears!
Joebop Let's give it till the end of week for the nomad to look through the paperwork.. That's only if they have paid..
I can only assume you're a bit wet behind the ears with statements like that maestro
No rns said they intend to pay by end of Jan, they don't have to pay have option to extend up-to 8 months as per terms.. Rrr have turned corner, directors are confident of progress this year...
But its meant to be paid tomorrow for 21% isn't it ??
Coffeecup Not certain of being paid they may extend it or they may pay in couple of days. We just don't know yet...
Is he a good Samaritan, nobody works for free, this is a capitalist country.. All I is saying at 5m mkt cap there is value here, if they were to wind up the company now shareholders would get in excess of 3p a share. What's happened in the past has happened, look to the future..
So what time are we betting for the Steelmin loan repayment RNS in the morning ???
Seeing as you keep returning to play the man and not debating any of magics points, it is fair to say that magic is here to provide a bit of balance to the shameless and false ramps. And a great source of information he is too. A welcome addition to any bulletin board by any serious investor. I find it hilarious that he gets under traders skins so much. Relax folks, you've got a while to flip warrants yet. If bell and the company are so solid, magics mumblings mayn't matter much.. Here, hold the baby.
Magic I have a interest here this is why I post here everyday, you just post on boards which Bell has a interest in just to talk negative. You held stock ages ago and lost money, it happens this is aim, you are not the only victim almost all investors in aim have lost money. I understand you are frustrated you lost money here, I would probably deramp this stock for awhile too but to do so continuously for years you must have a agenda...
Either way you want it I agree, my previous comments stand at this price its worth a punt.....
"it looks like a mix of bad market conditions and some desperation deals to try and hold it together " No it was dilution after dilution after dilution with a bit more dilution thrown in for good measure, to raise �millions much of which is/was expended on Admin and expenses rather than money "going into the ground" and much of it wasted on failed projects. Joebop is right imo when he calls it a gravy train. The SP was decimated so badly that it reached the nominal share value which back then was 0.1p. Under UK law you can't continue to issue shares at prices below the nominal share value. A major problem for a company that operates via dilution. So the BOD lowered the nominal share price to 0.01p (23rd Dec 2014), thus reseting the clock and off they went again, rinse repeat, dilution dilution dilution. Wihin 12 months yes, just 12 months the SP had been decimated again and was now close to the new nominal price of 0.01p and so this time a share consolidation was performed. 21st Dec 2015, a 25 to 1 consolidation. Clock reset again. And so it goes on. Endless confetti in whatever guise, placings, CLNs, warrants, Teather's AP raisings and so on. We move from one prospective project to the next, which allows the markets to speculate wildly which in turn I have no doubt helps to get the confetti away. Lots of fat fingers in lots of pies and none of them ever seem to end up as a truly successful venture that produces good recurring revenues. Steelmin is for me just the latest in this long line of pies. This "back to back" financing, which people thought was a simple money in money out balanced equation, has already resulted in 3 rounds of CLNs with warrants and a further placing has been done on top. Will those shares/CLNs be cancelled/bought back if/when Steelmin repay their loan to RRR? Hmmmm I have no doubts that later in the year the Steelmin project will be "old news" just as Shoats Creek is now "old news" and seldom mentioned now by the unscrupulous rampers who massively hyped it in the beginning until the poor performance figures came out. There will always imo be a "new kid on the block" project appearing to tickle the fish and get the market speculation going again and there will always be confetti imo. It's been described numerous times by numerous posters here as nothing but a lifestyle company. I have a lot of sympathy with such views. DYOR as always.
It wasn't taken down hard. It was driven headfirst into a wall. Taken down hard implies it was a short attack and there was nothing the bod could have done. This was a car crash orchestrated by bell.
There are plenty of BOD's that don't bother even doing that though .... I think he can see it is on the cusp ... lets be honest its been taken down hard, the lths have been butt XXXXed so I don't blame you lot for moaning about it, but, as an outsider it looks like a mix of bad market conditions and some desperation deals to try and hold it together that led to the sp dwindling, they didn't come off as planned but the market for commodities is turning, slowing like a super tanker turning around... It is not impossible that this can be successful....